KTR: Entrepreneurship Will Create Jobs

Entrepreneurship culture is missing in many parts of the nation while it is celebrated in Gujarat. This trait brings investments and also creates employment opportunities, IT and Industries Minister KT Rama Rao said on Saturday.

China and India’s GDP was the same in 1987 — $470 billion. After 35 years, China’s GDP is about $16 trillion, while India’s is about $3 trillion.

“India did not grow like China because entrepreneurship was not encouraged. This has to be changed. There needs to be a cultural shift to celebrate entrepreneurship,” he said.

Unveiling the visitor registration app for PlastIndia 2023 — an international exhibition, conference and convention of the plastic industry — on Saturday, KTR urged the plastic industry players to consider Telangana for setting up new operations or expanding.

Telangana has already set up a Plastic Park at Thummaluru in Ranga Reddy district in 110 acres and 150 companies are part of it. Of them, 102 have started operations and another 25 are under construction. The total investment is Rs 847 crore and it has created direct and indirect employment of 5,000 each.

Telangana is open for business, it is business-friendly and the govt dealing is also business-like, he said, citing the instance of the State sending a chartered flight to Kerala to get Kitex Garments MD Sabu Jacob to visit.

Though he came with no intent to invest, Jacob announced to invest Rs 1,000 crore in Telangana on the same day of his visit. In about a month, he returned to announce another Rs 1,400-crore investment. Now, Telangana is in talks for a third unit as well in the State, he said.